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Insights

CW CPA Professional Insights on China and Cross-Border Business

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The Validity of Electronic Contracts and Signatures in Hong Kong

In Hong Kong, the Electronic Transactions Ordinance confers equal legal effect on electronic records used in contract formation and electronic signatures as their paper counterparts. Contracting online is subject to the same requirements as contracting offline.

e-HKD: The Future of Money in Hong Kong

The Hong Kong Monetary Authority has recently announced that it will be trialling the e-HKD digital currency from the fourth quarter of 2022. It is almost a given that the e-HKD will be a disruptor to the existing financial ecosystem, bringing along with it a unique set of benefits and challenges.

A Tale of Integrated Development: Shenzhen-Hong Kong Innovation and Technology Co-operation Zone

Hong Kong and Shenzhen have joined hands to develop a preeminent global innovation and technology hub in the Shenzhen-Hong Kong Innovation and Technology Co-operation Zone (“Co-operation Zone”) at the Lok Ma Chau Loop.  A joint policy package has been introduced to promote collaboration and the “synergistic development” of the Co-operation Zone, setting out a wide array of funding schemes, support measures and resource-sharing initiatives available to qualified enterprises. 

RCEP: Opportunities for Overseas Companies and Harnessing them via the GBA and Hong Kong

Signed by 15 countries including China and 10 ASEAN member states in November 2020, the Regional Comprehensive Economic Partnership (RCEP) is the world’s biggest free trade agreement. Companies – whether they be local or foreign-invested – in the GBA stand to benefit hugely from the intensification of cooperation between China and the ASEAN region.

Increasing Supply Chain Resilience: How to Better Weather the Storm of Disruptions

The pandemic has laid bare the vulnerabilities of global supply chains, and brought to the fore the symbiotic, interdependent relationship between upstream and downstream players. What are some possible ways that can help a company better weather the storm and mitigate the risks associated with supply chain disruptions?

A Guide to Signing Electronic Employment Contracts in the Chinese Mainland

In July 2021, the Ministry of Human Resources and Social Security of China issued additional guidance on concluding electronic contracts between employers and employees, fleshing out in detail the notice issued in March 2020, which conferred legal validity on such contracts subject to certain conditions.
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